In 2012, even his liberal media supporters realize he is full of shit. Proof here: http://news.yahoo.com/fact-check-budget-phantoms-room-081227181.html
Read the following 26 trillion debt figure and weep. That is the projection. Absolutely no attempt to stop spending. On the current trajectory- the debt will be more like 33 trillion. At 3 percent interest rates- our interest alone will be 1 trillion a year or 3 billion a day.
The budget shows a gross debt of $25.9 trillion by the end of the 10-year budget window in FY2022. Rep. Paul Ryan, the chairman of the House Budget committee, called this "a recipe for a debt crisis and the decline of America."
"The broken promises and recycled gimmicks contained in this budget have dramatically widened this president's growing credibility deficit," Ryan said. "Our families, seniors, children and grandchildren deserve better than this reckless budget and this dismal failure of leadership."